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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Service fee revenue $ 1,430,061 $ 1,315,077 $ 1,071,840
Provider relief funding 0 9,110 26,264
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 1,264,346 1,123,274 965,902
Lease abandonment charges 0 19,675 0
Depreciation and amortization 115,877 96,694 86,795
Loss on sale and disposal of equipment and other 2,529 1,246 1,200
Loss on impairment 0 0 4,170
Severance costs 946 744 4,353
Total operating expenses 1,383,698 1,241,633 1,062,420
INCOME FROM OPERATIONS 46,363 82,554 35,684
OTHER INCOME AND EXPENSES      
Interest expense 50,841 48,830 45,882
Equity in earnings of joint ventures (10,390) (10,967) (7,945)
Non-cash change in fair value of interest rate swaps (39,621) (21,670) 2,528
Loss (gain) on extinguishment of debt and related expenses 731 6,044 (4,047)
Other expenses 1,833 1,438 120
Total other expenses 3,394 23,675 36,538
INCOME (LOSS) BEFORE INCOME TAXES 42,969 58,879 (854)
Provision for income taxes (9,361) (14,560) (895)
NET INCOME (LOSS) 33,608 44,319 (1,749)
Net income attributable to noncontrolling interests 22,958 19,592 13,091
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 10,650 $ 24,727 $ (14,840)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.19 $ 0.47 $ (0.29)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.17 $ 0.46 $ (0.29)
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 56,293,336 52,496,679 50,891,791
Diluted (in shares) 57,320,870 53,421,033 50,891,791
Service fee revenue      
REVENUE      
Service fee revenue $ 1,278,016 $ 1,166,743 $ 931,722
Revenue under capitation arrangements      
REVENUE      
Service fee revenue $ 152,045 $ 148,334 $ 140,118